Copper Price Holds Loss Amid Strong Dollar and Equity Rout

Copper Market Faces Pressure from Strong Dollar and Stock Sell-Off

Copper prices fell after four consecutive days of losses, pressured by a stronger US dollar and a global equity rout. Traders watched the metal trade near $10,650 per ton on the London Metal Exchange. The pullback followed last month’s record rally driven by optimism over a potential US-China trade deal and disruptions at major mines worldwide. The dollar’s strength makes commodities more expensive for buyers in other currencies, reducing global demand.

Chinese copper consumers bought the dip in domestic markets, maintaining short-term support. Copper remains essential in wires, cables, and battery production due to its superior conductivity. Meanwhile, a key African port reopened after a week-long shutdown, partially easing supply concerns.

Copper Price Outlook Amid Market Volatility

Copper’s four-day decline marks the longest losing streak since July, highlighting market sensitivity to macroeconomic shifts. Analysts note that global equities’ weakness and currency pressures may continue to constrain gains. Despite short-term losses, supply disruptions and the world’s electrification drive maintain underlying demand for the metal. Traders also monitor zinc, which dropped 0.8%, reflecting broader industrial metals trends.

SuperMetalPrice Commentary:

Copper’s short-term volatility underscores the metal’s sensitivity to currency movements and equity market sentiment. However, long-term demand remains robust, driven by global electrification, EV growth, and renewable energy infrastructure. Investors should track dollar strength, US-China trade developments, and ongoing supply disruptions for pricing guidance.